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If price is above equilibrium, A. quantity supplied exceeds quantity demanded and a surplus exists.B. the income and substitution effects will cause the price to

If price is above equilibrium, A. quantity supplied exceeds quantity demanded and a surplus exists.B. the income and substitution effects will cause the price to rise.C. quantity demanded exceeds quantity supplied and a shortage exits.D. demand will increase.E. quantity supplied is too low for equilibrium

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